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Newport Beach Entrepreneur Anthony Hsieh Acquires Crows Nest Yachts

Moving The Corporate Boardroom To The Water
Moving The Corporate Boardroom To The Water
Anthony Hsieh turns his passion of fishing and yachts into a new business venture

NEWPORT BEACH, CA, July 16th, 2007 – Anthony Hsieh announced today the formation a new marine corporation, Granders, Inc. for the asset acquisition of Crows Nest Yachts, the most established West Coast yacht dealer. The asset acquisition will expand Crows Nest's current 3 on-water marinas with Granders, Inc. offering a strategic high traffic off-water dealership with service bays located at the Irvine Auto Center in Irvine, CA.

After 2 successful start up ventures and corporate executive positions post mergers to public companies, Anthony Hsieh, the 42 year old entrepreneur is now the chairman and CEO of the most established west coast Yacht dealer--Crows Nest Yachts. Crows Nest has a storied history with over 33 years in business and proud exclusive dealers of Viking Yachts, Viking sport cruisers, and Tiara Yachts. Hsieh will bring the company into their 4th decade with a new management team, strategy and vision.

“My passion with boats and the ocean is life long, I now have an opportunity to differentiate Crows Nest Yachts and position it to win," said Hsieh. "The opportunity to establish a brand in this space is ripe".

Both current and new customers will immediately reap the benefits of the acquisition of Crows Nest by Anthony Hsieh. The combination of Hsieh's success in business and Crows Nest storied history of selling the best yachts while offering world-class service makes this acquisition a perfect fit for both parties.

"I am excited to grow the Crows Nest brand through tournaments, a new advertising campaign, special promotions, a newly designed website and much more. We also look forward to Founder, Gordon Barienbrock, who will be joining the team as an advisor," said Hsieh.

About Anthony Hsieh

Anthony Hsieh is the current Chairman and CEO of Crows Nest Yachts, Inc. He is also the owner and team captain of Bad Company, the world's most successful competitive big game fishing team. To date, team Bad Company have won over 6 million dollars in tournament winnings. Mr. Hsieh also serves on several boards both in private and non-profit sectors.

Prior to becoming chairman of The Crows Nest, Mr. Hsieh served as the President of Lendingtree, LLC. A division of Interactive Corp (Nasdaq-IACI) a position he served after the merger of, which he founded. In the two short years since it had been founded, had grown into an online lending powerhouse with more than 900 employees and grew annual revenues exceeding 500 million.

Anthony Hsieh has two decades as an entrepreneur and is widely recognized for his critical role in the development and shaping of the online lending category. Prior to, Mr. Hsieh served as the founder and chief executive officer of until it was acquired by The E*TRADE Group (NYSE ET) in 2001. Under his leadership, enjoyed tremendous success as a first mover into the online financial services sector. Mr. Hsieh, who emigrated with his family from Taiwan at the age of nine, is a nationally known industry expert and frequent media commentator who has appeared regularly on CNN, CNBC, and the Fox News Channel, and in media such as The Los Angeles Times, Associated Press, The Wall Street Journal, USA Today and Money magazine.

About Crows Nest

Crow's Nest Yachts is celebrating over 30 years of selling top quality yachts on the West Coast, with water front marina locations in Newport Beach, San Diego, and Seattle. With 2 additional offices in Hawaii and Cabo San Lucas. In 2007, a 3-acre off water dealership in the Irvine Auto Center with 11 service bays added to the strategic locations.
Crows Nest is a proud exclusive dealer for Vikings Yachts, Viking Sport cruisers, Tiara Yachts, and a complete line of previously owned yachts that have been inspected and approved by Crows Nest world-class team.

Press and Media Contact:
Jason Jepson
949 394 7033


Comment #1 (Posted by dennis cintas) Rating: ratingfullratingfullratingfullratingfullratingfull Unrated
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